Boyu Capital

Boyu Capital is a Chinese private equity firm headquartered in Hong Kong with additional offices in Beijing, Shanghai, and Singapore. Founded in 2010 by Alvin Jiang, Mary Ma, Sean Tong, and Louis Cheung, the firm manages approximately US$40 billion in assets and is known for its involvement in high-profile deals including the IPOs of Alibaba Group and Ant Group. Boyu Capital is one of Shein's largest identifiable shareholders and is currently in talks to serve as a cornerstone investor in Shein's planned Hong Kong IPO.